Bakerston Company is a manufacturing firm that uses job order costing. The company's inventory balances were as follows at the beginning and end of the year: Ending Beginning 15,900 11,900 Raw materials 14,900 32,700 Work in process $109.000 $123,000 Finished goods The company applies overhead to jobs using a predetermined overhead rate based on machine-hours, At the beginning of the year, the company estimated that it would work 17,100 machine-hours and incur $256,500 in manufacturing overhead cost. The following transactions were recorded for the year. Raw materials were purchased, $414,000. materials were requisitioned for use in production, $410,000 ($379,000 direct and $31,000 indirect) The following employee costs were incurred direct labor, $338,000, indirect labor, $76,000; and administrative salaries, $155,000, Selling costs, $112,000 Factory utility costs, $26,000. Depreciation for the year was $124,000 of which S1 14,000 is related to factory operations and $10,000 is related to selling, general, and administrative activities